signal strength 1 of 5
According to the chart of M5, NZDJPY formed the Inverse Head and Shoulder pattern. The Head’s top is set at 85.00 while the median line of the Neck is found at 84.85/84.91. The formation of the Inverse Head and Shoulder pattern evidently signals a reversal of the downward trend. In other words, in case the scenario comes true, the price of NZDJPY will go towards 85.15
The M5 and M15 time frames may have more false entry points.
See Also
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- Triple top
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The Triple Bottom pattern has been formed on SILVER M5. It has the following characteristics: resistance level 33.51/33.45; support level 33.34/33.34; the width is 160 points. In the event
The M5 and M15 time frames may have more false entry points.
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The Double Top reversal pattern has been formed on GBPJPY M5. Characteristics: the upper boundary 190.98; the lower boundary 190.74; the width of the pattern is 23 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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The Double Top reversal pattern has been formed on EURCHF M15. Characteristics: the upper boundary 0.9429; the lower boundary 0.9417; the width of the pattern is 11 points. Sell trades
The M5 and M15 time frames may have more false entry points.
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